To: All
Assaf, you are assuming that banks will accept the 3% default rate. In the current environment banks are expecting higher defaults. If they expect a 15% default (and looking into the current job market this is not unreasonable) you increase the amount $6-7M per year (take into account that you have 1000 MBAs across both years, or 400 internationals)
this makes it rather expensive to some scholls but not to a schooll with $3B (